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    302 1 St Dexter, NM

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    For Sale
    $1,113,795

    Net leased retail property with corporate guarantee and high visibility.

    Property size:
    8,320 SF
    Lot size:
    0.89 Acres

    Property Features for 302 1 St

    General Information

    Size
    8,320 SF
    Lot size
    0.89 Acres

    Source: The Kase Group - Corporate Agent Kevin Cordova

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Retail Property on W 1st Street

    This 8,320 square foot retail property is available for sale. The property is net leased, with the landlord responsible for the roof and structure only. The lease is corporately guaranteed by Family Dollar Stores, Inc. The property benefits from a highly visible location along West 1st Street and convenient access to U.S. Highway 285. It is surrounded by key local businesses, including Allsup's, Kenny's Market, and Dexter Lumber & Hardware Co.
    Location Intelligence

    Current Use by Public Records

    Storefront properties

    Suggested Use

    Restaurant Building Supply Spa & Massage Dental Office Wholesale Shop Hair Salon Nail Salon Auto Repair Shop Auto Parts Store Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Dexter
    County
    Chaves
    State
    New Mexico
    Longitude
    -104.3730202
    Latitude
    33.197328

    Nearby Similar for Sale

    • $100,000
      6,403 SF

      Spacious Building with Potential

      Commercial building with large open room, offices, and basement.
      300 W 3Rd St, Dexter, NM 88230
      View Details
    • $160,000

      Dexter Office Building - Huge Potential

      Historic Office Building, $160,000, High Ceilings
      300 3Rd St, Dexter, NM 88230
      View Details

    FAQs

    What type of property is this?
    Storefront property - Net leased retail property with corporate guarantee and high visibility.
    Where is this storefront property located?
    The property is located at 302 1 St Dexter, NM.
    What is the asking price?
    The asking price for this property is $1,113,795.
    What are key features of this property?
    This property features: - Net Lease – Landlord Responsible for Roof & Structure Only; - Corporate Guarantee – Family Dollar Stores, Inc.; - Highly Visible Location Along W 1st Street
    (512) 636-9613
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    302 1 St Dexter, NM
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    Dexter, NM
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    302 1 St Dexter, NM
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